Stewart Enterprises Receives Anticipated Nasdaq Notice Related to Listing Standards

Stewart Enterprises, Inc. (Nasdaq NMS:STEI) announcedtoday that, as anticipated in its press release dated October 24,2005, the Company received a Staff Determination Letter from theNasdaq Listing Qualifications Department on October 25, 2005 notifyingthe Company that because it filed its third quarter Form 10-Q prior tocompletion of the review by its independent registered accounting firmand without the certifications of its Chief Executive Officer andChief Financial Officer, the Company is not in compliance with thecontinued listing requirements of Nasdaq Marketplace Rule 4310(c)(14).As a result, the Company's Class A Common Stock is currently subjectto delisting from the Nasdaq Stock Market.

The Company will request a hearing before a Nasdaq ListingQualifications Panel in accordance with the Nasdaq Marketplace Rule4800 Series to seek an extension of time to complete the filing andthereby regain compliance with the listing standard. The Company'srequest for a hearing automatically suspends delisting of theCompany's stock pending the Panel's decision. Hearings are typicallyheld within 30-45 days of the request. The Company is optimistic thatits request for an extension of time to comply will be granted,although no assurances can be given.

Pending the outcome of the hearing, commencing at the opening ofbusiness on October 27, 2005, the fifth character "E" will be appendedto the Company's trading symbol. Accordingly, the trading symbol forthe Company's Class A Common Stock will be changed from STEI to STEIE.

Founded in 1910, Stewart Enterprises is the third largest providerof products and services in the death care industry in the UnitedStates, currently owning and operating 231 funeral homes and 144cemeteries. Through its subsidiaries, the Company provides a completerange of funeral merchandise and services, along with cemeteryproperty, merchandise and services, both at the time of need and on apreneed basis.